VanEck Gold Miners ETF (NYSEARCA:GDX) Shares Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC boosted its position in VanEck Gold Miners ETF (NYSEARCA:GDX) by 19.5% in the 3rd quarter, Holdings Channel reports. The firm owned 176,276 shares of the exchange traded fund’s stock after acquiring an additional 28,780 shares during the quarter. VanEck Gold Miners ETF accounts for about 0.7% of Proficio Capital Partners LLC’s portfolio, making the stock its 28th largest position. Proficio Capital Partners LLC’s holdings in VanEck Gold Miners ETF were worth $7,019,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in VanEck Gold Miners ETF by 6.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,000 shares of the exchange traded fund’s stock valued at $1,391,000 after buying an additional 2,500 shares in the last quarter. Empowered Funds LLC purchased a new stake in VanEck Gold Miners ETF in the 1st quarter valued at $297,000. SG Americas Securities LLC grew its holdings in VanEck Gold Miners ETF by 9.7% in the 1st quarter. SG Americas Securities LLC now owns 125,307 shares of the exchange traded fund’s stock valued at $3,962,000 after buying an additional 11,094 shares in the last quarter. US Bancorp DE grew its holdings in VanEck Gold Miners ETF by 4.9% in the 1st quarter. US Bancorp DE now owns 13,933 shares of the exchange traded fund’s stock valued at $441,000 after buying an additional 649 shares in the last quarter. Finally, Private Wealth Advisors LLC purchased a new stake in VanEck Gold Miners ETF in the 1st quarter valued at $4,168,000.

VanEck Gold Miners ETF Trading Down 1.4 %

NYSEARCA GDX opened at $39.02 on Friday. The stock has a market cap of $15.60 billion, a PE ratio of 28.03 and a beta of 0.85. VanEck Gold Miners ETF has a twelve month low of $25.67 and a twelve month high of $44.22. The stock has a fifty day simple moving average of $40.01 and a 200-day simple moving average of $37.33.

About VanEck Gold Miners ETF

The Fund seeks to match as closely as possible the price and yield performance of the AMEX Gold Miners Index. The Fund, utilizing a passive or indexing investment approach, attempts to approximate the investment performance of the Index by investing in a portfolio of stocks that generally replicate the Index.